美国安然公司破产的原因分析及启示
一﹑安然公司的基本情况
安然公司成立于1985年,由当时的休斯敦天然气公司(Houston Natural Gas)和北联公司（Inter North）合并而成。

其以创造性的手法将金融市场中的期货﹑期权等概念移植到能源交易中，提供能源产品的期货﹑期权交易，并不断开拓新的市场，一度成为能源寡头。

2001年12月2日，安然公司正式申请破产保护。

二﹑安然公司破产原因分析
昔日的能源寡头到被迫申请破产保护，其中原因自然是复杂多方面的。

有宏观环境的变化，美国金融﹑会计审计制度方面的缺陷，公司监督机制及经营方式等方面的问题。

大致可分为以下几个方面：
1﹑脆弱的泡沫化经营作为公司发展的基础。

2﹑隐瞒债务﹑人为操纵利润等手段难以为继。

3﹑公司监管机制形同虚设。

4﹑美国会计审计制度缺陷使安然公司有机可乘。

三﹑安然公司破产的启示
安然公司的破产对当时的经济有着很强的破坏力，其反映了市场经济条件下企业的不当行为对经济带来的巨大影响。

这对于完善我国的市场经济体制﹑防范金融风险﹑促进金融市场健康发展具有十分重要的意义。

Causes Analysis and Enlightenment of Enron's Bankruptcy
A, Basic Situation of Enron
Enron Corporation was founded in 1985, the merger of Houston Natural Gas Corporation ( Houston Natural Gas ) and the Northern Alliance ( Inter North ). With a creative approach, Enron transplanted the concept of financial markets in futures, options to energy trading, supplied energy futures, options trading, and constantly opened up new markets, became energy oligarchs. On December 2, 2001, Enron filed for bankruptcy protection .
B, The Cause Analysis of Enron's Bankruptcy
The reasons which caused yesterday energy oligarchs to file for bankruptcy protection are complex and multi-faceted including changes in the macroeconomic environment, financial, accounting and auditing system deficiencies , the company supervision mechanism and mode of operation and so on. They could be divided into the following areas:
a , A fragile bubble operation as a basis for the development of the company;
b , Concealing debt , manipulated profits is unsustainable;
c , Useless regulatory mechanism;
d , Accounting and auditing system defects.
C, the Enlightment of Enron's Bankruptcy
Enron's bankruptcy has a strong destructive power , which reflected that the misconduct of the enterprises in the market economy brought tremendous impact on the economy. It has a great significance for improving China's market economic system, guarding against financial risks, promoting financial market health.。